NEDCOR INVESTMENT BANK HOLDINGS LIMITED
16 March 2001
Franklin Templeton NIB Investments (FTNIBI) announced today that Neil Cochrane
(CEO) is to leave the company at the end of June to take up employment in
Australia. Cochrane previously lived in Australia for seven years, from 1989
to 1996.
John Bestbier, Executive Director of NIB, who currently takes shareholder
responsibility for NIB's partnerships, including FTNIBI, will assume executive
control until such time as a replacement CEO is appointed - such appointment is
anticipated to be made during the next six months. Cochrane will remain a
director of FTNIBI until his emigration to Australia.
FTNIBI recently acquired the services of three asset managers from Greenwich
Asset Management, including Guy Woolford, who has been appointed to manage the
Prime Select Fund. This acquisition has significantly increased the experience
and breadth of its asset management team.
Peter Major, Senior Portfolio Manager and highly rated mining analyst is to
leave the company, in an unrelated move. Major is to join Mark Shuttleworth's
Company, HBD Asset Management as an in-house fund manager and an advisor to HBD
Venture Capital.
Steven Arthur, is to assume the role of Senior Mining Portfolio Manager, having
run UAL's mining fund successfully for a number of years.
ENDS
Issued by: NIB Corporate Communications
For further information:
Nedcor Investment Bank:
John Bestbier 082 900-7976
Claire Densham 082 900-7437
HDB Asset Management:
Andrew High, (021) 970-1010 or 082 873-1307
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